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China's economic recovery unexpectedly stumbled in the first three months of 2013, with slowing factory output and investment spending forcing analysts to start slashing full-year forecasts. The country's economy just grew 7.7 percent in the first quarter from a year ago, slower than the 7.9 percent level in Q4 2012, and below many financial institutions' forecasts of 8 percent.
Yunyishang: Why has the 7.7 percent growth made Chinese people so pessimistic, contributing to an anxious mood among stock market investors? The United States and Europe have a much slower growth but their stock markets are much more robust. Why?
Chuyichu: At least 7.7 percent growth is OK. And the general outlook is that it should not be too difficult to achieve the government's 7.5 percent growth target. The point is China's GDP growth is rough. The structural problems should be addressed.
Buxiu: Judging from other indicators such as railway cargo and electricity output, the actual growth rate could be much lower than 7.7 percent. The marginal return of boosting M2 supply is falling. A more positive monetary policy could only lead to more of a bubble.
All The information is from Sina Weibo